Page 3 - Pension Problems News Today

Because the economy is better. >> what are the cities? >> chicago. it has fairly large pension responsibilities. it has as steve says has great advantages. the economy is great. philadelphia is looking at the same thing. couple of towns and cities. stockton, california. >> whole state of illinois has funded its pension plan by 45%. its basically an intergenerational thing. >> there are a lot of very creative ideas that could be applied just to detroit. the people on the right and left you can cr...

Charlie rangel says hes the victim and hes now suing, speaker janer and a group of six other bipartisan lawmakers to overturn his sentence. he claims hes due his process rights. remember the president asked him to resign? >> steve: sure. governor rick perry has a message for business owners in illinois. get out while you can. >> you need to get out while you can. the escape route leads straight to texas. >> steve: the republican governor in illinois to lure businesses to his state. he pointed ou...

California cities, san bernardino mammoth lakes. they could go the chapter 9 bankruptcy route to get out from under their pension problems. you mentioned the bondholder problem. that is huge problem to people that lent money to cities like stockton because they will take a haircut. they may get less money back than they actually put in. that is the first time that ever happened. so there is precedent on two fronts. the bond holders, they lose and maybe the pensioners, certainly the pension fund,...

Bob, this is a scary, scary thing going on in california. cities going bankrupt. >> bob: it is. >> eric: other thing to point out because of the pension problems -- >> bob: let me make a point. the united states is not bankrupt. you included that, that was cute to do that. as usual, that was a bankrupt statement. look, the cities were in trouble before obama got in office. the big question in my mind who covers the debt when they go under? you got pension, right. is there a federal group -- >> d...

good evening. im john avalon in for erin burnett. "outfront" tonight, new jobs number and the predictable partisan spin cycle. the economy added only 120,000 new jobs in march. thats 100,000 less than last month. the good news, the unemployment rate fell to 8.2%. thats the lowest since february 2009, one month after president obama took office. and not surprisingly, republicans wasted no time in attacking the white house. mitt romney called it a weak and troubling jobs report and said,...

Of the pension problems, but youve got to hit it out of the park on this one, democrats. my guest on this has a better solution for all of it. im joined tonight by bernie sanders, independent senator from vermont. senator, good to have you with us tonight. this is one of these stories that i think i have to tell maybe every three weeks or once a month before the election. because im hearing on the radio, well, gosh, i didnt know that stamps pay for everything. im hearing on the radio, well, i di...

Wont vote for the democrats. and they are on a mission to get rid of any government job they can. but guess what, the number of one group of people hired by the office are military veterans. issa wont tell you that either. i expect this kind of action from republicans, but what bothers me is that democrats, youre not fighting hard enough. you know, youre doing a great job of going after the ryan budget. were going to help you do that. ly on this show, but youve got to step up and do something bi...

Of scare tactics and misinformation in the arguments to spike pensions over the past 15 years. they said if you didnt give employees lavish pensions we wouldnt be able to recruit and retain quality employees. those arguments were false. they led us down the wrong path. and now we are paying the price. >> reporter: so, jon, as you know unions will fight this tooth and nail, first in television, direct mail and finally in the courts if it survives however, you can bet that other cities are going t...

Yeah, food prices are up. were not in, you know, germany in the weimar republic. >> neil: angela merkel has indicated thats a concern. >> yeah, listen, its a problem. the bottom line is if youre going to keep interest rates at zero for this long, youre going to get parts of the economy, particularly commodities that are going to see inflation but, you know, when you look overall, i just dont see it running away. unless im missing something. >> the point is once it does get -- once it sparks and ...

Eric bolling "follow the money" on fox business network. >> good morning, bill. bill: this is big proposal. wonder if it goes anywhere. theyre deep in red. >> at one point they were $20 billion in the red. byron york pointed out something very important. scott walker in wisconsin was textbook example what happens when you go after the unions. when you go after collective bargaining. when you stop the bleeding. what wisconsin done they turned it around. they were $3.6 billion in the red. looks li...